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VIE Consolidated Balance Sheet Detail (Details)
$ in Thousands
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Variable Interest Entity        
REDEEMABLE NONCONTROLLING INTERESTS $ 613,336 $ 714,414 $ 664,757 $ 692,376
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]        
Variable Interest Entity        
Current Assets (1,940,093) (1,942,583)    
Non-current Assets 5,954,266 5,945,353    
TOTAL ASSETS 7,894,359 7,887,936    
Current Liabilities 865,237 925,013    
Non-current Liabilities 2,543,269 2,543,968    
TOTAL LIABILITIES 3,408,506 3,468,981    
REDEEMABLE NONCONTROLLING INTERESTS 590,531 597,274    
Total Stockholders' Equity 3,895,322 3,821,681    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,894,359 7,887,936    
Variable Interest Entity, Primary Beneficiary [Member]        
Variable Interest Entity        
Current Assets (38,396) (131,869)    
Non-current Assets 979 22,313    
TOTAL ASSETS 39,375 154,182    
Current Liabilities 273 1,044    
Non-current Liabilities 0 0    
TOTAL LIABILITIES   1,044    
REDEEMABLE NONCONTROLLING INTERESTS 0 0    
Total Stockholders' Equity 39,102 153,138    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 39,375 $ 154,182    
Consolidated Investment Vehicles [Member]        
Variable Interest Entity        
Number of Funds 6 10   13
Consolidated Legg Mason, Inc.        
Variable Interest Entity        
Current Assets $ (1,962,192) $ (2,039,624)    
Non-current Assets 5,955,245 5,966,496    
TOTAL ASSETS 7,917,437 8,006,120    
Current Liabilities 865,510 926,057    
Non-current Liabilities 2,543,269 2,543,968    
TOTAL LIABILITIES 3,408,779 3,470,025    
REDEEMABLE NONCONTROLLING INTERESTS 613,336 714,414    
Total Stockholders' Equity 3,895,322 3,821,681 $ 3,731,263  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,917,437 8,006,120    
Consolidation, Eliminations [Member]        
Variable Interest Entity        
Current Assets 16,297 34,828    
Non-current Assets 0 (1,170)    
TOTAL ASSETS   (35,998)    
Current Liabilities 0 0    
Non-current Liabilities 0 0    
TOTAL LIABILITIES   0    
REDEEMABLE NONCONTROLLING INTERESTS 22,805 117,140    
Total Stockholders' Equity (39,102) (153,138)    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ (16,297) $ (35,998)    
Sponsored Investment Fund [Member] | Consolidated Investment Vehicles [Member]        
Variable Interest Entity        
Number of Funds 0 2   2